The July World Agriculture Supply and Demand Estimates (WASDE) released by the USDA reflect reduced acreage planted/harvested as previously announced in the quarterly stocks report. The U.S. corn outlook shows five million less acres planted and 5.6 million less harvested from the June report. Beginning stocks were increased 145 million bushels due to an expected decline in 2019/20 corn exports. Lower corn acreage reduced production by 995 million bushels and lowered ending stocks by 675 million to 2.648 billion bushels. There were no changes in expected corn use for ethanol. The season-average farm price is increased from $3.20 per bushel to $3.35.
This month’s U.S. soybean supply and use projections for 2020/21 include a 35 million bushel increase to beginning stocks, largely due to an expected decrease in 2019/20 residual use. 2020/21 production was increased 10 million bushels due to…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...